December 31st, 2018
The social networking giant Facebook has accelerated its reach to Indian IT services firms including HCL Technologies, Wipro and Tech Mahindra for the purpose of content moderation, anti-money laundering and data analytics as it faces increased global pressure and scrutiny to curb rumours as well as fraud on the...
December 31st, 2018
eInfibeam Avenues had announced that its up to Rs 120 crore-deal to acquire Unicommerce, a subsidiary of e-commerce platform Snapdeal, however, the deal has been terminated.
"...we wish to inform you that the SPA has been terminated as the conditions precedent were not fulfilled within the stipulated time...
December 31st, 2018
Consumers in China are increasingly opting for smart and quality products online as robots and imported goods are gaining popularity as stated by a report.
The report was announced by e-commerce giant Alibaba's Taobao village and think tank Aliresearch. It showed the consumption trend in the first 11 months of 2018 in the nearly...
December 31st, 2018
One of the top alcohol companies in China called Kweichow Moutai has announced that the company plans to sell about 31,000 tons of product in 2019.
"The sales volume in 2019 will increase by 3,000 tonnes more than in 2018," said Li Baofang, chairman of Moutai Group.
A total of 17,000 tons of liquor will be supplied to distributors...
December 29th, 2018
Without funding, an entrepreneur cannot think of taking forward or flourishing his business, and thus, funding activity is a major part of any business.
With this step, the business grows and flourishes to a great extent. This week was quite eventful in terms of funding activities and let us have a look on the top five funding...
December 29th, 2018
China's Fit Boxx Holdings, which sells beauty, fitness and health care products and devices, is looking forward to raise about $20 million in an initial public offering (IPO) on the US stock market.
The company is planning to offer its IPO of 2,500,000 ordinary shares (or 2,875,000 ordinary shares if the underwriters exercise their...
December 29th, 2018
The Reserve Bank of India (RBI) would set up a compliance and tracking system portal to tackle the multiplication of cyber-fraud and seeks to establish a better redressal mechanism for consumers.
With digital transactions gaining traction, RBI’s customer-protection measures are seen as a bid to promote and improve...
December 29th, 2018
Alibaba-backed Hellobike which is one of the largest bike-sharing apps announced that it raised “millions of funds” in a new funding round. The company declined to reveal details on the funding amount and use of the proceeds.
The round was led by Ant Financial, the financial affiliate of Alibaba and maker behind digital wallet...
December 29th, 2018
Tesla has reportedly named Oracle co-founder Larry Ellison who is a shareholder and close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators.
The move is meant to usher Tesla past months of turbulence following Musk's Aug. 7 tweet that he was...
December 29th, 2018
China has announced its list of the most innovative companies in the country and Huawei was ranked first among the most innovative company in China, followed by Alibaba and Xiaomi, in a list published by Fortune China.
The Chinese-language edition of Fortune released its ranking of "China's most innovative companies for 2018" on...
December 28th, 2018
Chinese smartphone maker Oppo has planned to invest 1 billion yuan ($145.7 million) to encourage mobile app developers to create gaming, video and other forms of quality content.
The move has arrived after Oppo has accumulated 250 million monthly active users of its smartphones in the world. Every month, more than 200 million users...